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Mar 7, 2010

Transport Jobs * USA - Shrink in February.

All freight modes fell faster than normal winter pace

Washington,DC,USA -The Journal of Commerce Online, by John D. Boyd -Mar 5, 2010: ... Despite signs of a slowly improving economy, employment in the transportation modes that include freight operations slid further in February, the Labor Department reported... That extends an almost steady downtrend in transport industries since the recession hit hardest starting in late 2008. In recent months several transportation modes have reported gains in traffic levels as they pull out of their downturn, but that has yet to lift their employment... Based on preliminary reports from companies, Labor said trucking shed another 8,200 jobs last month to bring the sector’s workforce to 1.194 million.... That is the raw employment data, not adjusted for historical seasonal variations; economists say last year’s plunging economic activity would skew the seasonal formulas for some time. Still, February’s trucking decline outpaced Labor’s formula expectations, so that even the adjusted employment level shrunk... (Photo from cdn.content.compendiumblog: Collecting Unemployment Benefits Can Hurt Chances for Trucking Career)

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